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Working and getting tax credit, but want to start selling on ebay
vb3d
Posts: 101 Forumite
in Cutting tax
I am working and getting tax credit.
I want to start selling on ebay without losing the tax credit for this year as my income might end up more than I reported when I started te claim, and I don't want be in a position where I have to pay back.
I am considering delaying the ebay business to the new financial year and inform the HM of expected higher income for that year so I don't lose my claim for this year, and if it didn't go well I still can claim it the year after.
Is there any better idea than this?
Thank you in advance
I want to start selling on ebay without losing the tax credit for this year as my income might end up more than I reported when I started te claim, and I don't want be in a position where I have to pay back.
I am considering delaying the ebay business to the new financial year and inform the HM of expected higher income for that year so I don't lose my claim for this year, and if it didn't go well I still can claim it the year after.
Is there any better idea than this?
Thank you in advance
0
Comments
-
You might be better asking on the Benefits and Tax Credits Board
http://forums.moneysavingexpert.com/forumdisplay.php?s=&daysprune=&f=1390
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